I think what people forget is that state support for foreign automakers on their home turf really gives them an advantage in the global market — if everyone is playing by the same rules in a global market that's just great, but that isn't reality
Bush and Obama are f**king tools. No more bailouts please. I'm tired of my wages not rising with inflation like they should. Businesses should never be too big to fail.
But...but...but...Obama did all of the bailouts! The recession didn't happen until he took office and scared all of the job creators not pull their money out of the economy!
You can't tell me that the Republican Party and their media arms misrepresented history! I refuse to believe it! We didn't lose any jobs until the day after Obama was inaugurated, dammit!
The money comes from poor people. They experience inflation and taxes the hardest. Rich people are taxed at a much lower percentage because of their smart planning. (Assets in a corporation/etc.) Rich people also do not hold many dollars, so they experience inflation the least.
Its an upside down system where poor people get screwed and the rich get richer.
Damn job killing, kenyan, marxist, gay loving, god hating, muslim, big government spending socialist! lol I dont know whats worse, that half the country voted for him. Or that the other half thought having sarah palin be a heart attack away from leader of the free world was a good idea..... the same people mind you that voted Bush for 2 terms! and the same people that now swear they know the "right" direction to take the country in. I mean is it a memory problem or are they just stupid?
And he is risking our economy if he doesn't. The bailout was the correct action. Today is proof of that with the rebound of GM & Chrysler not to mention the good effects on Ford.
But I did not and do not support the bank bailouts. Totally different situations.
you have absolutely no idea what your talking about. the credit system crashed, even 'good' companies couldnt do business because other businesses were requiring them to use cash. the bail outs ALLOWED the companies to have a structured bankruptcy and emergence from it (GM/Christler)
you also dont have any idea on what your talking about saying this was favoritism because 'ford got nothing'. Ford was part of the talks, and because they had more cash on hand going into the crisis they didnt need to sacrifice sharholders in order to stay alive. however they did state that if nothing was done that they would have been taken down along with GM/Christler.
the auto bailouts allowed the auto companies time to negotiate with its unions, bond holders, share holders, etc so they could re-structure themselves going forward. it was a huge success by any measure
Good point. What is really sardonic is the poor folks that have to bear the auto-bailout yoke can't buy a new Chevy. This is a terrible injustice to working people.
michaelpintoFeb 7, 2012Buried
I think what people forget is that state support for foreign automakers on their home turf really gives them an advantage in the global market — if everyone is playing by the same rules in a global market that's just great, but that isn't reality
wjappeFeb 7, 2012Buried
What he keeps forgetting is that your risking other people's money without their consent.
pivenFeb 7, 2012Buried
Government taxpayer funded bailouts were Bad idea then and still a bad idea now.
The bond holders were crammed down and the stock holders ... all while contract law was destroyed to benefit a few Cronies.
A normal detailed bankruptcy - like the airlines have done - preserves some semblance of the rule of law.
FPSmotoFeb 8, 2012Buried
Bush and Obama are f**king tools. No more bailouts please. I'm tired of my wages not rising with inflation like they should. Businesses should never be too big to fail.
solitaireroseFeb 8, 2012Buried
But...but...but...Obama did all of the bailouts! The recession didn't happen until he took office and scared all of the job creators not pull their money out of the economy!
You can't tell me that the Republican Party and their media arms misrepresented history! I refuse to believe it! We didn't lose any jobs until the day after Obama was inaugurated, dammit!
linageeFeb 8, 2012Buried
The money comes from poor people. They experience inflation and taxes the hardest. Rich people are taxed at a much lower percentage because of their smart planning. (Assets in a corporation/etc.) Rich people also do not hold many dollars, so they experience inflation the least.
Its an upside down system where poor people get screwed and the rich get richer.
autokadFeb 8, 2012Buried
those auto bail outs was some of the best money america has ever spent besides alaska and the louisiana purchase.
and piven... first off, the entire industry was about to go under, and industry that a huge portion of country relies off of.
sleestakslayerFeb 8, 2012Buried
*Yawn* New Boss = Old Boss
CaptainobliviousFeb 8, 2012Buried
Damn job killing, kenyan, marxist, gay loving, god hating, muslim, big government spending socialist! lol I dont know whats worse, that half the country voted for him. Or that the other half thought having sarah palin be a heart attack away from leader of the free world was a good idea..... the same people mind you that voted Bush for 2 terms! and the same people that now swear they know the "right" direction to take the country in. I mean is it a memory problem or are they just stupid?
particleman420Feb 8, 2012Buried
at what cost to the country, flipfloppyjoes?
you never take your stupid ideas far enough into the future.
sloppyjoes7Feb 8, 2012Buried
It is reality, because THAT MONEY HAS TO COME FROM SOMEWHERE.
You might say "our autos sell more if they're subsidized, and can compete worldwide."
But don't leave out "...and ALL American taxpayers have to pay those costs."
jonz334Feb 8, 2012Buried
Lol you think he keeps forgetting?
ljkelleyFeb 8, 2012Buried
And he is risking our economy if he doesn't. The bailout was the correct action. Today is proof of that with the rebound of GM & Chrysler not to mention the good effects on Ford.
But I did not and do not support the bank bailouts. Totally different situations.
autokadFeb 8, 2012Buried
you have absolutely no idea what your talking about. the credit system crashed, even 'good' companies couldnt do business because other businesses were requiring them to use cash. the bail outs ALLOWED the companies to have a structured bankruptcy and emergence from it (GM/Christler)
you also dont have any idea on what your talking about saying this was favoritism because 'ford got nothing'. Ford was part of the talks, and because they had more cash on hand going into the crisis they didnt need to sacrifice sharholders in order to stay alive. however they did state that if nothing was done that they would have been taken down along with GM/Christler.
the auto bailouts allowed the auto companies time to negotiate with its unions, bond holders, share holders, etc so they could re-structure themselves going forward. it was a huge success by any measure
sleestakslayerFeb 8, 2012Buried
Good point. What is really sardonic is the poor folks that have to bear the auto-bailout yoke can't buy a new Chevy. This is a terrible injustice to working people.
flighthouseukFeb 8, 2012Buried
hmmmmmmmmm
sloppyjoes7Feb 8, 2012Buried
Exactly. The auto bailouts were pure favoritism.
sloppyjoes7Feb 8, 2012Buried
Renegotiations could have happened (and should have happened) without special legislation bailing out the auto companies.
gkiltzFeb 8, 2012Buried
He really didn't have much choice.